Reinsurance
Cathay Pacific Airways Faces Hong Kong Probe Over Massive Data Breach
Hong Kong's privacy commissioner will launch a compliance investigation into Cathay Pacific Airways over a data breach involving 9.4 million passengers, saying the carrier may have violated privacy ...
Climate Change Risks Forcing States, Cities to Borrow Billions in Move to Adapt
Dan Gelber, the mayor of Miami Beach, Florida, says climate change will be a homeowners' worst nightmare. "If you own a home and you find that your roof has a problem or you find out there's a ...
Cyber Risk Management Firm Zeguro Secures $5M Financing From Munich Re, QBE, Others
Cyber Risk management firm Zeguro closed a $5 million seed financing round, attracting insurance industry investors including Munich Re and QBE. Both insurers made the capital contributions through ...
UK Believes Financial Sector Brexit Agreement Is Imminent
The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London's vast financial center access to EU markets after Brexit, Britain's financial ...
Allianz’s El-Erian: Trade War Is Risky, But Technology Presents a Slow-Moving Opportunity
Mohamed El-Erian, the chief economic advisor for Allianz and former CEO of its PIMCO unit, warned that the evolving global trade war presents risks the insurance industry should worry about. On the ...
Berkshire Hathaway’s Q3 Profit Gains Spanned Insurance and Everything Else
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from ...
Zurich Canada Revamps Both Its Organizational Structure and Executive Team
Zurich Canada announced a new organizational structure and team designed to simplify and strengthen the insurer's go-to-market approach. "We now have the structure in place to ramp up our support for ...
Cities Vulnerable to Climate Change Are Still Getting Their AAA Bond Ratings
Last fall, after a trio of deadly hurricanes, ratings companies warned vulnerable coastal cities to get ready for climate change -- or face higher borrowing costs on the $3.9 trillion municipal bond ...